XAUUSD H1: The Chaos Theory Forecast for the Asian Session on 21.11.2024

21.11.2024 00:16
Teknikal
According to XAUUSD, the phase space is defined as northern, since the price has risen above the upper fractal. Now we can examine signals from other market dimensions within the framework of Bill Williams' strategy.
The Alligator indicator confirms the positive market sentiment. The Alligator's mouth is open. It's hungry. Against this background, the price may continue to rise.
The AO indicator is still above the zero mark.
On the AC indicator there is a series of red bars above the zero line. This is a negative signal for the market. It indicates a decrease in the energy of movement in the northern direction. However, the upward movement remains prevalent as long as the price remains above the red Alligator line.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
As a result, there is a northern phase space. At the same time, some indicators indicate the possible development of a pullback movement or the transition of the market to a new phase.
📊 Buy Stop 2655.320
❌ Stop Loss 2629.204
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.